Understanding Car Lease Residuals Boone NC
Rocky Mount, NC
Mo-Fr 0600-2300, Sa 0800-2000, Su 0800-2300
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
This location is for Private Flights only.
Mo-Fr 0730-1800, Sa Closed, Su 0900-1300
Child Seats, Hand Controls for Disabled Drivers Only , Replacement Rentals When your car is in the shop for repairs.Insurance/Body Shop and Dealership/Service Center replacement rentals available at this location.for replacement rental reservations., Gold Counter Service
After Hours - Meets flights on Saturday if reservation is received prior to close on Friday. After hour returns are allowed. Park car in Hertz area, place keys and contract with mileage and time in drop box located outside the airport doors. Pick up time must be at least one hour after location opening and one hour prior to location closing.
Understanding Car Lease Residuals
Residual value ("residuals"), in car leasing, refers to the estimated — repeat, estimated — value of a leased vehicle at the end of the scheduled lease period. The longer the lease, the lower the residual value, as compared to the original MSRP sticker price.
Residual values play a key part in the calculation of lease monthly payments since leases are based on the difference between residual value and negotiated selling price. The higher the residual, the lower the lease cost for a given selling price. See .
What are residuals?
Car lease residuals are a statement of the expected depreciation of a vehicle's value over the life of a lease. The value can be affected by a number of factors, including expected average annual mileage, number of months in the lease, make/model vehicle, resale history, predicted future supply and demand, rise/fall in gas prices, and anticipated future economic conditions. In short, lease residuals amount to nothing more than an educated guess.
Who sets car lease residual values?
Residual value estimates can be different, depending on who is doing the estimating. One dealer who uses a particular lease company may offer a significantly different residual value than another dealer who uses a different company, for exactly the same vehicle and same lease. It is often misunderstood by consumers that residuals are fixed for a particular vehicle make and model.
There are industry sources (ALG...